GM says Cadillac brand points to strong growth in China
General Motors’ luxury Cadillac brand is enjoying strong growth in China, the No.1 U.S. automaker said at a conference on Wednesday in New York.
Uber nears investment deal for self-driving car unit: WSJ
Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Wall Street slides, dragged down by healthcare
Plunging healthcare stocks dragged Wall Street lower on Wednesday, offsetting a spate of upbeat corporate earnings and encouraging economic data from the United States and China.
Flight from healthcare shares halts stock rally
World stock markets gave up early gains as a continued flight from healthcare shares dragged on Wall Street, overshadowing upbeat economic data from China.
Amazon to close domestic marketplace business in China: sources
Amazon.com Inc plans to close its domestic marketplace in China by mid-July, people familiar with the matter told Reuters, focusing efforts on more lucrative businesses selling overseas goods and cloud services in the world’s most populous nation.
U.S. labor market remains tight, economy continues to grow: Fed Beige Book
Labor markets remained tight across the United States as businesses struggled to find skilled workers and wages grew modestly, the Federal Reserve said on Wednesday in its latest report on the economy.
Fed’s Bullard says economic data should improve, yield curve steepen in coming months
Weak U.S. economic data that marred the start of the year should change for the better in coming months, and ease some of the concerns among investors about the health of the recovery, St. Louis Federal Reserve President James Bullard said on Wednesday…
Factbox: Investors shop for bargains in U.S. bank stocks, citing attractive PE ratios
Some investors are betting U.S. bank stocks will have a comeback this year, arguing the sector is a value play after getting beaten down in 2018.
Canada transport minister wants simulator training for 737 MAX fix
Canada called on Wednesday for pilots to receive simulator training for new Boeing 737 MAX software, rather than computer courses, going a step beyond proposals by U.S. regulators and opening the door to disagreement over measures to end a global groun…
India’s Jet Airways finds itself out of runway as funds dry up
Embattled Jet Airways halted all flight operations indefinitely on Wednesday after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India’s largest private airline.
